저자: DavidTepper · 외국인
요약 보기
중국 경기부양 발표 이후 David Tepper가 '중국 모든 것을 매수하라'고 발언했다는 내용. 알리바바, JD.com, 니오 등 중국 대형주가 연초 대비 크게 올랐고 밸류에이션(PE 한 자릿수 등)이 저평가 상태라고 주장. 중국 정부가 지준율 인하, 주식 자사주 매입 대출 등 완화책을 쓰고 있다고 설명. 테퍼 포트폴리오에서 알리바바·PDD는 축소, JD.com은 증액된 것으로 언급. 진행자는 다음 분기 포트폴리오 변화를 확인해 보겠다고 함.
다듬은 글
hello everyone welcome back to just invest today in today's video we're talking about David teer a famous hedge fund manager he just came out and said buy everything China we see what's happening in the market due to the stimulus we're seeing companies like Baba like 10 cent 10 cent up like 50 plus% year to date Baba's up 43 plus% year to date we have jd.com up almost 46% year to date so all of these Chinese companies are flying so high you know I already have 70% of my portfolio in China so I'm killing it now it's finally been the time we've been waiting for this moment so we're going to go over what David teer said about China and we're going to review the video because he is super bullish this is like the first time in a while a hedge fund is bullish on China we know everyone is super bearish on China when you go back to anyone like Warren Buffett or even Ray Doo they've been talking a little bit negative about China so guys we have to analyze what David terer said about China before we do can you like And subscribe to this channel think interest on the N you immediately thought China and and currency uh differences around the world so that was more important to you because the undervaluation is you you know listen you can look at your chart and look at a chart of B on your on your screen right there whatever stock you like in China they are even with the recent moves are like on a flatline low compared to where they have been in the past and you're sitting there with single multiple um PE e with double digit growth rates for the big stocks that trade over here that's kind of versus what you know the you know your 20 plus on the S&P right here David terer makes a great point we're buying singled digigit multiple companies in China and those are the best businesses in China if you look at this chart look at the forward multiples of these companies can you imagine if this was Google or if this was Microsoft or if there was just Facebook trading at nine forward multiples 8 76s that are still growing and they still have a strong potential for growth guys this is what we're seeing in China so the undervaluation is insane and this is why the S&P is trading at all-time highs so we're seeing the opposite happen right now we see the Hong Kong market the Chinese market trading at all-time lows while the S&P is at all-time highs okay and then you have so the question was was China going to do the things that you want them to do okay are they going to do the easing measures they that you want want them to do so yeah they came the other day and uh what's his name pan pan gong Chang and I apologize because I can't even speak English well you know he came out and he was like jovial it's like whoa jovial saying we're going to cut and we're going to and we'll give you more and he said we'll do more and more if needed now the chines US to say we'll do more and more if needed they don't say that because it's not been healthy to say those sort of things in China but they said that the other night and I listened very carefully what government officials say so I took it that they did a lot they exceeded expectations and they promised to do more and more and more okay and that's very strange language especially for you know any Central Banker but especially over there so there you have it the government is doing the most stimulus has ever done in a while since 2020 and it's doing I think even more than that it's reducing the reserves in Banks so they can actually loan out more money mortgages on your second home are not as expens expensive guys China is doing everything in their power to get that 5% GDP growth and the main thing that he talks about right there is that they are encouraging companies to buy back stock um the Europeans are lowering rates and now the Chinese are lowering rates okay and they're going to be they're aggressive in how they're going to do it and they they're also believe this or not swap facilities to buy stocks want encouraging buyback of stocks encouraging BuyBacks right stocks okay this is China all right this is box stock BuyBacks not only encouraging it lending you money to do it and they're giving money like tal money where you can put money out and you have no losses if you want to do it you have you know how that thing works you have only the money you put up and you you can don't lose money that's a great deal for me I want to be over there and borrow for some of this stuff they're actually loaning you money to buy back stock which is insane and it's going to be an amazing deal if the companies are undervalued and we know all of these Chinese companies are undervalued so they're actually doing really good with your money because a lot of these companies are trading at like 10 15 20% free cash flow yield so running out like a bandit get all that money and invest all that into the company and buy back your shares at these amazing prices here's where David terer talks about buying everything in China and we're going to look at his portfolio after to see kind of what he's looking into back to China again just which think which I think is the biggest thing that people really have to go and understand it because it has implications all over the bonds currencies and stocks we didn't talk about the currencies and the bond side but just with the stocks themselves I'm just thinking of your positions Alibaba was a huge position you really loaded up in the first quarter you cut back um I think in the second quarter um what are you doing now did the did the China moves over the last few days just because you were saying in the past you wouldn't go more than 10 or 12% the most recent things we've seen that you have about 12% of Alibaba does that mean you put those aside and you would own even more than that as I said the value of R did you see that smirk that's crazy model is what I sleep at night I had I had a f I went over that liit on the FED announcement he's so confident this is like not fighting the fed he's so conf confident that the stimulus is going to work for China that he's just going all in which is insane okay you know last week I went more when they said a day or two ago on the on their fed and last night I did more just Alibaba are you J ETF you know um St do Futures right everything everything listen like a long time ago in 20 I think I said so as we see David tepper's largest position is baba but he actually reduced his position by 6% and I think this was after the little run that Baba had but now he's talking about buying more and buying everything so we're going to see next quarter if he's actually true to his words that he's buying more B he's buying more babo or he's just saying that CU he reduced PDD by 7% as well so he has Baba he has PDD what else does he own he has BYU reduced by 7% so he's been reducing his China Holdings so let's see if he's actually correct in saying he's buying more now he increases his uh jd.com by 18% what else does he have oh and he has the crane shares so this owns like 10cent uh Baba J compi be all the main businesses so he is actually serious about owning a lot of Chinese stocks because think about it we don't see a lot of hedge funds doing this besides Michael burry like he's like the only other person that owns a lot of China so it's going to be so interesting to see next quarter if he's actually doing what he's talking about or he's just all talk and we're going to see what Michael bur is doing is he buying more is he selling that's going to be such an interesting portfolio to see is he taking profits off j.com off Baba off BYU we're going to see next quarter because it's going to be very interesting guys please like this video And subscribe to my channel peace
Comments 0